The Zhitong Finance App learned that Youbo Holdings (08529) was listed for the first time. According to the announcement, the final price was HK$0.5 per share. A total of 137.5 million shares were issued, 5,000 shares per lot, with a net proceeds of about HK$31.32 million. As of press release, it rose 32% to HK$0.66, with a turnover of HK$594.86 million.
According to reports, Youbo Holdings is an upstream back-end functional supplier in the semiconductor and integrated circuit industry (that is, assembly, packaging and testing). It mainly provides services to customers in the semiconductor industry, including waferless semiconductor companies, IDM companies, and IC assembly and packaging testing companies. Its products are not only sold domestically, but also sold to Southeast Asia, Europe, the United States, South Korea and Japan. During the track record period, the company's revenue mainly came from post-sales semiconductor transmission media products, trays and tray-related products and carrier tapes. Among them, sales of trays and tray-related products each accounted for more than 90% of total revenue, accounting for a relatively large share.
According to market data, Youbo Holdings was popular in the past, and its public offering to retail investors has been oversubscribed 2,262 times, making it the fifth largest new stock in the history of Hong Kong, China. It is worth noting that nearly three and a half years have passed since the last Hong Kong Stock GEM IPO, that is, Yucheng Logistics landed on the Hong Kong Stock GEM on January 13, 2021.
